Nokia's target price has been increased by UBS from €3.55 to €4, with a 'neutral' rating being maintained.
The adjustment comes after Nokia's third-quarter results were released, which highlighted slow recovery and ongoing structural concerns that are impeding growth.
Despite these challenges, UBS noted that Nokia has shown strong margin resilience and is strategically focused on data centers as potential growth drivers. UBS's analysis suggests that although Nokia has limitations, there are opportunities that could improve its market position in the future.